Navigation Links
Eric T. Converse Named President And Chief Executive Officer Of VirtualScopics, Inc.

ROCHESTER, N.Y., July 23, 2014 /PRNewswire/ -- The Board of Directors of VirtualScopics, Inc. (NASDAQ: VSCP), a leading provider of clinical trial imaging solutions, announced today that Eric T. Converse, 48, has been named president and chief executive officer, effective immediately.  Mr. Converse joined the company's Board of Directors in August 2013 and has held the positions of interim president and chief executive officer since October 25, 2013.

Dr. Charles E. Phelps, Ph.D., chairman of the company's Board of Directors, said, "During the past nine months, Eric has clearly demonstrated his leadership and team-building skills on a number of fronts and has earned the respect and cooperation from VirtualScopics' senior management team, employees, industry thought leaders and customers.  His contributions to the company thus far include: negotiating a global operational and commercialization alliance with IXICO plc, the brain health company, based in the United Kingdom; working closely with VirtualScopics and IXICO senior management to form a joint Scientific Advisory Board to benefit both companies; and the recent opening of a joint office in New Hope, Pennsylvania.  The new office is located in the heart of the big pharma corridor, providing project management teams from both companies the opportunity to work more closely with existing and prospective customers to determine their clinical trial imaging needs."  Dr. Phelps added, "With the assistance of Korn Ferry, International, the Board of Directors conducted an extensive search that brought forward numerous candidates with strong skills and backgrounds, a number of whom eagerly sought the CEO position at VirtualScopics.  In the Board's judgment, the leadership demonstrated by Eric during his term as interim CEO made it clear that he was the best choice to take the Company forward."  

Mr. Converse added, "I am very pleased to be working with this team.  Our focus on our employees and infrastructure investments has shown early results with increases in customer wins that will ultimately lead to improved shareholder value.  As I strongly believe a good team will yield good results, I am extremely excited to continue with this great team and deliver even greater results." Converse continued, "The first six months of 2014 represents the company's best start in terms of bookings and awards outstanding in the history of the company, a testament to the strong commitment and dedication of the entire VirtualScopics team.  We are all excited about our recent alliance with IXICO and the many benefits of this relationship that are already coming to fruition."

Mr. Converse has more than 20 years of hands-on management experience working with early-stage companies across a wide range of industries.  He received his bachelor's degree from Michigan State University and attended Erasmus University in Rotterdam, The Netherlands.

About VirtualScopics, Inc.
VirtualScopics, Inc. (NASDAQ: VSCP) is a leading provider of clinical trial imaging solutions to accelerate drug and medical device development.  For risk-averse, time-constrained Clinical Trial Study Teams, Medical Directors and Imaging Scientists who require quality imaging data delivered on-time, within budget and on a consistent basis, VirtualScopics' clinical trial imaging solutions are an inspired true exception to commonly-accepted services provided by other clinical trial imaging providers.  Because of the scientific and operational flexibility and responsiveness they can offer, VirtualScopics' clinical trial imaging solutions deliver special performance advantages compared to other image service providers that offer common, everyday clinical trial imaging services.  For more information on VirtualScopics, Inc., please visit

Forward-looking Statements
The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created thereby.  These forward-looking statements include, but are not limited to, statements regarding the expected benefits of the Company's investment in infrastructure, the strategic alliance with IXICO and new customer contract signings and awards and/or statements preceded by, followed by or that include the words "believes," "could," "expects," "anticipates," "estimates," "intends," "plans," "projects," "seeks," or similar expressions.  Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations.  Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.  Many of these risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013 filed with the Securities and Exchange Commission (the "SEC"), and in any subsequent reports filed with the SEC, all of which are available at the SEC's website at  These include without limitation:  the risk of cancellation or delay of customer contracts or specifically as it relates to contract awards, the risk that they may not get signed.  Other risks include the Company's dependence on its largest customers and risks of contract performance, protection of our intellectual property and the risks of infringement of the intellectual property rights of others.  All forward-looking statements speak only as of the date of this press release and the Company undertakes no obligation to update such forward-looking statements.

For More Information, Contact:
Donna N. Stein, APR, Fellow PRSA
Managing Partner
Donna Stein & Partners

SOURCE VirtualScopics, Inc.
Copyright©2014 PR Newswire.
All rights reserved

Related medicine technology :

1. VirtualScopics Board of Directors Appoints Eric Converse Interim Chief Executive Officer, Announces Resignation of Jeff Markin
2. Dr. Prem Reddy Named Among Most Influential Physician Executives in Nation
3. Bayer Employees Named Rising Stars by Healthcare Businesswomens Association
4. Remedy Informatics Named "Cool Vendor" in Life Sciences by Leading Technology Analyst Firm
5. Dr. Phillip Chan Named Finalist for Ernst & Young Entrepreneur of the Year® 2012 Award in New Jersey
6. Dave Zitnak Of Upsher-Smith Laboratories Named Branded Representative Of The Year By McKesson Corporation
7. StreamVenue Healthcare CEO Named Peoples Choice Winner
8. Masimo CEO Joe Kiani Named Ernst & Young Entrepreneur of the Year
9. Prime Therapeutics Named a Top Workplace by the Minneapolis Star Tribune
10. WellTok Named Colorado Company to Watch for 2012
11. 3 Pediatric Centers that Offer SynCardia Total Artificial Heart Named in Top 10 for "Best Childrens Hospitals"
Post Your Comments:
(Date:11/26/2015)... DUBLIN , November 26, 2015 ... has announced the addition of the  ... in the European Cell Surface Marker ... Emerging Opportunities"  report to their offering.  ... announced the addition of the  "2016 ...
(Date:11/25/2015)...  Amgen (NASDAQ: AMGN ) today announced the ... the United States (U.S.) Food and ... to Humira ® (adalimumab). Amgen believes this submission ... FDA and represents Amgen,s first BLA submission using the ... M.D., executive vice president of Research and Development at ...
(Date:11/25/2015)... 25, 2015 AAIPharma Services Corp./Cambridge Major ... at least $15.8  Million to expand its laboratories ... . The expansion will provide additional office ... growing demands of the pharmaceutical and biotechnology markets. ... will provide up to 40,000 square feet of ...
Breaking Medicine Technology:
(Date:11/27/2015)... ... November 27, 2015 , ... ... 27th edition of USA Today in Atlanta, Dallas, New York, Minneapolis, South Florida, ... The digital component is distributed nationally, through a vast social media strategy and ...
(Date:11/27/2015)... ... November 27, 2015 , ... Consistent with the Radiology ... Building Better Radiology Marketing Programs meeting will showcase some of the best ... at Caesars Palace in Las Vegas with a pre-conference session on a collaborative ...
(Date:11/27/2015)... ... November 27, 2015 , ... The moment you ... for not only fulfilling the needs of advisers and clients but going above ... and providing top-tier customer service. However, there's always room for improvement, which is ...
(Date:11/27/2015)... ... 2015 , ... The men and women on this list ... the country. They have overseen financial turnarounds, shown commitment to their community through ... as a whole through their advocacy and professional efforts. , Becker's Hospital Review ...
(Date:11/27/2015)... ... November 27, 2015 , ... Indosoft Inc., developer ... incorporation of Asterisk 11 LTS (Long Term Support) into its Q-Suite 5.10 product ... Q-Suite 5.10 up-to-date with a version of Asterisk that will receive not only ...
Breaking Medicine News(10 mins):